ONTARIO >> Now under local control for six months, the Ontario International Airport is bringing in almost 10 percent more revenues than it did during the same period last year when it was owned by Los Angeles World Airports.

Ontario International Airport Authority commissioner Curt Hagman (left) and OIAA CEO Kelly Fredericks recently returned from a trip to China to foster economic partnerships for growth. Here they sit in a China Airlines simulator cockpit in Taoyuan City, Taiwan.

ONTARIO >> A recent trip to China connected a San Bernardino County supervisor and a top Ontario International Airport official with a developer who’s considering vacant land near ONT as an ideal spot for a large indoor mall.

ONTARIO >> A high-ranking executive for Korean Air was present at the airport on Wednesday for the ceremony to hand off ownership from the city of Los Angeles to the Ontario International Airport Authority, and OIAA hopes the visit could translate into potential business.

ONTARIO >> The city of Los Angeles is set to hand over the reins of power at L.A./Ontario International Airport to its home city at 7 a.m. Tuesday, a year after the transfer was agreed upon by both cities.

When the Ontario International Airport Authority issues bonds Nov. 1 — the same day it formally takes over control of LA/Ontario International Airport — there could be some savings for future operations.

ONTARIO >> Fitch Ratings said Monday it has revised its outlook for Ontario International Airport bonds from negative to stable, based on better passenger traffic and a healthy financial profile for the Inland facility.

Documents cited by attorneys representing Ontario detail several instances in which Los Angeles World Airports appeared to direct key personnel to focus efforts on Los Angeles International Airport rather than ONT. With luggage in tow, a traveler checks in at the ticket counter LA/Ontario International Airport in Ontario. (Staff file photo/Inland Valley Daily Bulletin)

POMONA >> At a conference Monday aimed at boosting regional connectivity between the Inland Empire and the San Gabriel Valley, territorial and financial issues created a lack of agreement on the best way to move people and solve cross-county gridlock.

Guests from Ontario International Airport Authority and Ontario city officials speak with one another before a conference on the future of L.A./Ontario International Airport under local control at the Drucker School of Management in Claremont on Friday. (Photo by James Carbone)

ONTARIO >> When the new executive director for the Ontario International Airport Authority takes the helm in March, he will earn an annual salary of $398,500 — and bonuses could push it over $500,000 a year.

More than $47 million could be used for one payment in the L.A.-Ontario airport deal

Published: Jan. 12, 2016 – Updated: 5:33 p.m.

A chunk of existing money, more than $47 million in the coffers of Los Angeles World Airports, may be used to satisfy a $50 million payment scheduled as part of the agreement to transfer Ontario International Airport to Inland control.

To read article by Richard K. De Atleyin The Press-Enterprise, click here.

Comments Off on The Press-Enterprise: ONTARIO AIRPORT: Nest egg may be hatched for payment

A traveler at L.A./Ontario International Airport checks the arrival and departure monitors. The Los Angeles City Council has approved transferring airport ownership to the local Ontario International Airport Authority. The process is expected to be completed in July. (File Photo)

LOS ANGELES >> The Los Angeles City Council approved a landmark $250 million agreement that will lead to the transfer of ownership of LA/Ontario International Airport to a local authority, culminating a five-year battle between Los Angeles and Ontario.

ONTARIO >> Following in the footsteps of the city, the Ontario International Airport Authority has signed off on its review of a deal that in concept would transfer LA/Ontario International Airport to the authority.

Let’s get some facts out from the very beginning. The Airline industry has been running on shoe-string budgets for decades. Airlines go out of business every year. Competition and demand determine where and how many flights any airline makes. The cost of flying a plane is fixed based on aircraft costs, maintenance, fuel and staffing requirements.

Fitch Ratings says it will be watching the outcome of the tentative agreement between L.A. and Ontario.

Published: Aug. 11, 2015 – Updated: 4:23 p.m.

Fitch Ratings said Tuesday that the tentative agreement between Ontario and Los Angeles to return Ontario International Airport to Inland control will stabilize ONT, “but there remain lingering credit issues.

To read article by Richard K. De Atley in The Press-Enterprise, click here.

A man walks through an empty Terminal 2 at ONT/LA International Airport. (File)

ONTARIO >> Three years ago, the formation of a local consortium to run L.A./Ontario International Airport seemed pretty pretentious, especially considering the airport’s owners were staunchly opposed to parting with it.

Now that Ontario has regained control of its airport in a deal struck with Los Angeles, the small Inland Empire city faces a substantial challenge to revive a struggling facility that has lost more than a third of its passengers since 2007.

Los Angeles and Ontario battled for years over ownership of LA/Ontario International Airport. (Francine Orr / Los Angeles Times)

By Dan Weikel August 5, 2015

After years of litigation and contentious negotiations, Los Angeles has agreed to transfer ownership of struggling LA/Ontario International Airport back to the city of Ontario, The Times learned Wednesday.